If a bank job is your dream, the coming months are likely to see an uptick in the job offers.

    The employment opportunities in the banking sector will open up during October-November period with the Reserve Bank of India expected to issue small and payment bank licences next month.

    Headhunters said that there has been a “huge” increase in the interest from Indians residing outside the country to get back home, and are looking for mid to senior level executive posts in the banks.

    At least 40,000 new jobs are expected to be generated in the next couple of years in the banking sector alone.

    “We have been receiving piles of applications seeking jobs in the banking sector from Indians living abroad,” a Delhi-based search firm said.

    The reason for this, headhunters say, is that India is poised to grow faster than any other economy in the next few years, while Europe will remain uncertain with the Greek crisis though the US economy has started showing signs of a revival.

    “There will be thousands of fresh jobs in the banking sector and recruitment would start by October. There will be clarity once the bank licences are issued,” said Ronesh Puri, MD, Executive Access.

    “Unless an existing microfinance company, or non-banking finance company, is converting into a bank, all others would require large number of employees,” Ashvin Parekh, managing partner, Ashvin Parekh Advisory Services said.

    Job search firms also said that several employees engaged with the existing banks – both private and public – are looking for a switch.

    “There is likely to be exodus as well,” a senior executive at a large private sector bank said. Sources also said that hundreds would be tapped from the public sector banks, where most employees have to adhere to the government pay scale, which are significantly lower than the private sector.

    Small banks will be able to provide only basic banking services of acceptance of deposits and lendings. A payments bank will be able to accept deposits, issue ATM and debit cards, and allow payments and remittances. IIFL Holdings, SKS Microfinance, among others have applied for small banks licence, while Airtel M Commerce, India Post, among those have sought payment banks.

Brazil is world's largest crack market: study

  • AFP, Sao Paulo
  • |
  • Updated: Sep 06, 2012 07:22 IST

Brazil is the world's largest market for crack and the second for overall cocaine use, researchers from the Federal University of Sao Paulo (UNIFESP) said Wednesday.

A survey by UNIFESP's National Institute of Science and Technology for Public Policy on Alcohol and Other Drugs found that four percent of Brazil's adult population -- nearly six million people -- have experimented with cocaine or its derivatives in their lives.

Among adolescents, the percentage reached three percent or 442,000 youths.

Over the past year, 2.6 million adults and 244,000 adolescents said they used the drugs.

Ronaldo Laranjeira, who coordinated the study, said the South American powerhouse was now the world's biggest consumer of crack.

"No other country has one million crack users currently," the website G1 quoted Laranjeira as saying.

The study said Brazil, where rising prosperity has expanded the middle class, trails only the United States in terms of total use of cocaine and derivatives, with 20 percent of global consumption.

Brazil, the sixth largest economy, has 2.8 million consumers, trailing the United States with 4.1 million, while the rest of South America has 2.4 million, according to the study.

The study said roughly two million Brazilians -- 1.4 percent of adult and one percent of youths -- have used crack, merla (crack and marijuana mixed as cigarettes) or oxi -- a highly addictive hallucinogenic twice as powerful and one fifth cheaper than crack -- at least once in their lives.

One in 100 adults was found to have used crack in the past year.

The study said Brazil, until recently a transit point for cocaine bound for Europe, was now a consumer of the drug.

Up to 60 percent of the cocaine produced in Bolivia is destined for Brazil.

The study covered a representative sample of the 194-million-strong Brazilian population -- 4,600 people aged 14 and over -- in 149 cities across the country.

It cited recent data from the Geneva-based World Health Organization singling out Brazil as one of the emerging countries where use of cocaine and its derivatives is increasing at a time when cocaine consumption is dropping in the most developed nations, replaced by use of synthetic drugs.

"In the past, cocaine was the champagne of drugs -- today, it's the beer," G1 quoted Laranjeira as saying.

Intranasal cocaine use was found to be the most common choice of Brazilians.

The country's southeast, the wealthiest region, was found to have 46 percent of the total number of users, followed by the northeast with 27 percent and the north and center-west with 10 percent each.

Last December, health minister Alexandre Padilha warned that the country was facing "a crack epidemic" and the government responded with a $2.2 billion plan focusing on prevention, care and repression.


also read

Yemen: Saudi air strikes kill at least 176 Houthis and civilians

blog comments powered by Disqus